LAToken Tokenized Apple Shares to Sell Them for Cryptocurrencies – Blockchain News

LATokenLAToken launched test trades of tokenized Apple shares at LAT Exchange, the first tokenized assets exchange, that allows its clients to sell and buy securities and real assets using cryptocurrency.

Within weeks LAToken will list new asset classes, ranging from real estate to works of art at LAT Exchange, open the doors to assets worth trillions of dollars onto a Blockchain exchange and enabling cryptoinvestors to buy them at minimal transaction costs and maximum transparency and security.

The idea behind LAToken is that tokenizing and making tradeable assets can take the whole investing process to a new level. Here’s how our platform works. Asset owners sell fractions of their asset to a LAT-certified custodian. The LAT custodian tokenizes the asset and sells it to a wide range of investors, from hedge funds to individuals, at the LAT Exchange. Then investors can sell the asset-backed tokens on a secondary market. On the settlement date, the seller buys his asset back, or the custodian sells it at a fiat auction.

To illustrate the disruptive cost reduction we bring to equity and debt financing, here is a comparison of the listing terms and costsat the New York Stock Exchange and the ones LAToken will offer.

The differences are striking. First, we have no limit for the minimum issue volume, while listing at NYSE requires a minimum of $100 million for equity and $5 million for debt. The LAT Exchange has no annual listing fees, while companies pay $100,000 to list equities and $20,000 to list debt at NYSE. Underwriters fees for LAToken’s clients are negligible, much lower than the 2-5% at NYSE. Listing  preparation at LAToken takes less than a week, compared to approximately 6 months at NYSE. Additionally, the retail transaction fees are 1,000 times lower.

latokendrake

 “My dream is to build a NASDAQ on Blockchain with a wider range of tradable assets, blurring the boundaries between crypto- and real ecomonies, and offering our clients a dramatic reduction of listing costs, settlement time, and transaction costs,” says Valentin Preobrazhenskiy, CEO of LAToken. “Another advantage of LAT Exchange is that the Blockchain technology can remove one of the main challenges in the investment process — the asymmetry of information between buyers and sellers — helping us reach full transparency of transactions and protecting against accidental loss of data or its deliberate distortion, ” he adds.

The platform is already operational, and to develop it further, LAToken starts a public token sale on August 22. There will be four rounds, each designed to add a new asset class.

Source: LAToken Tokenized Apple Shares to Sell Them for Cryptocurrencies – Blockchain News

‘Bitcoin Regulation Act’ Introduced in South Korea Bans MLMs – Bitcoin News

‘Bitcoin Regulation Act’ Introduced

'Bitcoin Regulation Act' Introduced in South Korea
Rep. Park Yongjin

Korean Democratic Party lawmaker Park Yong-jin announced last week that he has introduced an amendment for the Electronic Financial Transaction Act. Its main purpose is to create a regulatory framework for digital currencies in order to “maintain healthy market order and protect users,” Inews24 reported. Business Korea calls this amendment the “Bitcoin Regulation Act.”

“As interests in virtual currencies such as bitcoin and ethereum have soared,” Park said “there is no clear definition of virtual currencies or restrictions on those who can sell virtual currencies.” He first announced that he would introduce this legislation back in July. Business Korea wrote:

The Bitcoin Regulation Act is scheduled for a regular session of the National Assembly in September with a growing debate foreseen.

Definitions and Classifications

'Bitcoin Regulation Act' Introduced in South KoreaIn this amendment, virtual currency is defined as “an instrument of exchange or an electronic store of value,” reported Inews24. It also distinguishes virtual currency from “real” currency. The amendment proposes five classifications of digital currency handlers with the following definitions.

  • “Virtual currency traders” – those selling goods or services in exchange for digital currency.
  • “Virtual currency dealers” – those operating a market for the sale of virtual currencies such as exchanges.
  • “Virtual currency brokers” – those intermediating or arranging the sale of digital currency.
  • “Virtual currency issuers” – those offering systems to create and issue digital currencies, and
  • “Virtual currency managers” – those storing or managing digital currencies for others.

Requirements and Prohibited Activities

The revised legislation requires all digital currency handlers “to have 500 million won or more in capital and receive approval from the Financial Supervisory Commission,” detailed Business Korea.

'Bitcoin Regulation Act' Introduced in South KoreaThe amendment also mandates customer funds be deposited at a separate institution with insurance, or some form of payment guarantee in order to protect customers, the publication added.

The legislation prohibits several specific digital currency-related activities such as their sale and brokering through door-to-door and multi-level marketing schemes. It also strictly prohibits illegal acts involving digital currencies, such as market price manipulation and money laundering. Violations can carry a prison sentence of up to five years or a fine of up to 50 million won, Business Korea detailed.

Source: ‘Bitcoin Regulation Act’ Introduced in South Korea Bans MLMs – Bitcoin News

Neo (Antshares) the Next Best Investment – “China’s Ethereum” taking Over as a Cryptocurrency – Ethereum World News

The Lost belief in fiat currencies that many investors around the world had, turned around into Bitcoin since it came out on the Big Picture. In this case the blockchain based coin skyrocketing tail is being followed by many investors. Bitcoin is mostly known for its giving back to part takers rewards that run an automated transaction network which should be unhackable, entirely liquid and infallible. But its adaptation and business application left wide gaps open which are getting filled now.

Second to take over Fame – Ethereum: a Digital currency that does diverse and grow Bitcoin’s could-be really simple proof-of-work algorithm. On top of that Ethereum is know for being able to make smart contracts that use the system as a middleman-free, enforceable platform for trade.

But this “greater” expansion of the coin-technology made it happen that its best competitor to be born: NEO -“Ethereum of China”.

“NEO” Definition and what is this Coin

A very unique blockchain coding algorithm that mirrors to the community – a better made Ethereum model. It is an iteration or a new version of the already existing smart contracts. Besides that the fundamentals still are there and apply, NEO does support decentralized commerce, identification and digitization of several assets. The Gate-in’s that were open for Ethereum contracts hackers are also now filled by NEO.

NEO Market Analysis

For a couple of months that could be a long time for short-period traders, the formerly known coin “Antshares” NEO fluctuated around $6 – $8 against the dollar. Meanwhile NEO is making a very worth to be mentioned price and market cap increase. Together with Bitcoin, Litecoin, Ripple and others NEO was for the last month one of top five highest-volume cryptocurrencies.

neo market price

Right for the moment, with its fame and traders/investors confidence increase only after August it climbed over 300%.

Source: Neo (Antshares) the Next Best Investment – “China’s Ethereum” taking Over as a Cryptocurrency – Ethereum World News

Rivetz Raises $5.5 Million in RvT Token Pre-Sale; Public Token Crowdsale Begins Today, Capped at 200,000 ETH – CryptoCoinsNews

First Decentralized Cybersecurity Token Poised to Add Unprecedented Proof and Assurance of Privacy and Security at the Hardware Level for Billions of Consumer, Business and M2M Transactions

GEORGE TOWN, CAYMAN ISLANDS – August, 10 2017, Rivetz Intl, Inc. (https://rivetzintl.com) today announced it has secured $5.5 million USD (19,000 ETH) in a private presale of its Rivet (RvT) token, a cybersecurity token developed to provide verifiable security controls for cloud authentication, IoT, blockchain, and legacy financial transactions.  The RvT token enables multifactor authentication across devices, to achieve provable security at both the transaction and authentication level. The Rivetz solution uses technology that is already built in to hundreds of millions of mobile devices to assure the keys and transactions can not be altered or stolen by malware infecting the operating system. The token sale will open to the public on August 10, 2017 at 17:00 UTC.

Institutional buyers in the presale, including BnkToTheFuture and Tally Capital, are vocal in their support for Rivetz’s multifactor authentication solution.

“We are very supportive of the goals of Rivetz and happy to add it to our portfolio of tokens,” said Simon Dixon, CEO BnkToTheFuture.com. “Turning our phones into hardware wallets in a way that is scalable will be an important advancement as the world adjust to owning their own digital assets. Rivetz CEO Steven Sprague is a true expert in the field of security, and the perfect leader to bring this innovation in personal security forward.”

“The Rivetz token distribution is a groundbreaking moment in decentralized cybersecurity,” said Matthew Roszak, managing director of Tally Capital and co-founder of Bloq.  “Rivetz provides consumer protections and simplicity that will help blockchain applications achieve their next level of adoption.  This new platform will add a crucial new layer of protection to exchanges, wallet and new tokens to ensure a level of data integrity and identity protection never before available.”

The token sale is led by leading crowdfunding platform TokenMarket. For more information, visit https://rivetzintl.com. The team is available to answer questions on  Slack  or Telegram

About Rivetz

Rivetz is focused on solving problems associated with consumer and machine-to-machine digital transactions. Rivetz technology and services aim to provide a safer and easier-to-use model for all users to protect their digital assets using hardware-based trusted execution technology. The device aims to play a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet. For more information, visit http://www.rivetz.com

All product and company names herein may be trademarks of their registered owners.

Rivetz Media Contact: Transform Group, rivetz@transform.pr
Rivetz Company Contact: info@rivetz.com
TokenMarket Contact: Freya Stevens, freya@tokenmarket.net

Source: Rivetz Raises $5.5 Million in RvT Token Pre-Sale; Public Token Crowdsale Begins Today, Capped at 200,000 ETH – CryptoCoinsNews

Bitfinex Drops US Customers – Bitcoin News

Bitcoin exchange Bitfinex has just announced that it is pulling out of the US retail market due to the challenging regulatory climate. US customers have approximately 90 days to discontinue all trading, and US holders of ethereum ERC20 tokens have only 5 days to stop trading them on the exchange.

Also read: Bitfinex Enables Bitcoin Cash Deposits and Withdrawals but Credits 15% Less

Leading bitcoin exchange by USD volume, Bitfinex, announced on Friday that it is exiting the U.S. retail marketplace. Effective immediately, the exchange no longer accepts verification requests for U.S. Individuals. “We have for some time considered pulling away from the retail marketplace in the U.S.,” the exchange wrote, adding that:

Now with a current backlog of verification requests and ongoing difficulties in providing USD deposit and withdrawals for U.S. individuals, we feel that the time has come to begin disengaging from U.S. retail customers.

Bitfinex explained that “a surprisingly small percentage of our revenues come from verified U.S. individual accounts.” Meanwhile, “a dramatically outsized portion of our resources goes into servicing the needs of U.S. individuals, including support, legal and regulatory.” Citing that it has been able to “normalize banking for some corporate customers and individuals in certain jurisdictions,” Bitfinex admitted that “compliant banking solutions for U.S. individuals remain elusive.” Consequently, the exchange stated:

Over the next 90 days, we will be discontinuing services to our existing U.S. individual customers.

Bitfinex expects the U.S. Regulatory landscape to be even more challenging in the future. “Exchanges based in the U.S. are better positioned to properly service retail U.S. Customers,” it wrote.

In addition, the exchange also announced that U.S. customers will no longer be able to trade ERC20 tokens issued through initial coin offerings (ICOs) on the exchange. This part of the changes will commence at noon UTC on August 16.

“Pursuant to the recent report of investigation issued by the U.S. Securities and Exchange Commission,” the exchange wrote to its customers, “Bitfinex is taking the proactive step of barring U.S. customers from trading certain digital tokens that may be deemed securities in the eyes of the SEC.” Currently, tokens active on the exchange subject to this restriction are EOS and Santiment (SAN).

Source: Bitfinex Drops US Customers – Bitcoin News

China Enforces First Action Under Developing Cyber Security Law

China’s Cyber Security Law (the Law) went into effect on June 1. We have now seen the first enforcement action under the Law (news report in Chinese here). Chongqing’s Public Security Bureau  (PSB) issued a warning to a local Internet data center company for failure to preserve a blog.  The company was ordered to rectify that deficiency within 15 days. While this is a small violation, it marks the first enforcement action under the Law.  Chongqing’s PSB has said it will strengthen monitoring and inspection efforts as to the implementation of tiered protection, real-name authentication, and infringement on personal information.

In addition, four departments have jointly initiated the “Action Plan for Personal Information Protection Improvement,” according to Xinhua News (in Chinese here). The departments’ first special action will be to examine the privacy policies of 10 notable domestic network product and service providers by an expert panel, with the results to be released to the public in September.

There are a number of other developments that companies and other organizations should note.

Source: China Enforces First Action Under Developing Cyber Security Law

Guide to Buying NEO (Antshares) on Bittrex Exchange

Guide to Buying NEO (Antshares) on Bittrex Exchange

There’s lots to learn in this post. To help you remember, try using my app Harvest, the easiest way to grow your mind. Write or highlight any text and automatically receive reminders on the content (Add from Chrome store).

Prerequisites

Technical Literacy

  • Register an account
  • Enable Two-Factor Authentication
  • Set up an offline wallet on your desktop

Financial Literacy

  • Understand exchange rates
  • Understand a basic transaction (buyer, seller, price, volume)
  • Know your investment limits

Table of Contents

  1. Get Bitcoins
  2. Fund Bittrex Account
  3. Learn Trading Basics
  4. Buy NEO

1. Get Bitcoins

For most people, getting Bitcoins (BTC) is the first step to acquiring cryptocurrencies like NEO. BTC is the world’s crypto reserve currency, like the role USD plays for fiat. Got some obscure coin? Someone out there is probably willing to buy or sell it for BTC.

There are tons of ways to get BTC, but the easiest way is to use the most established crypto platform in the USA, Coinbase.

Help me help you! Sign up for Coinbase using my referral code (already in the link) and we both get $10!

On Coinbase, you’ll be able to purchase BTC with conventional fiat ways (like bank account and wallet), which I won’t even begin to describe here. I’ll wait here while you buy some.

A few days later…

Okay great! Let’s get those BTC over to Bittrex, one of the best exchanges for acquiring coins like NEO. Tab on over in your Coinbase account to “Send” and pop in that Bitcoin address from your Bittrex account with all of your newly bought BTC.

I have only 0.0023344 BTC 😦

2. Fund Bittrex Account

What Bittrex account address, you ask? If you haven’t already, make an account on Bittrex with basic and phone verifications set up so you can get some Digital Token Trading in. If everything is set up correctly, then your “Settings” tab should have a check mark like the following:

Now you can head over to your “Wallets” tab and click on the “+” next to “Bitcoin”. Clicking on that will pop open an address that represents your personal online wallet that Bittrex holds for you. This address is where you should be sending your BTC that you bought from Coinbase.

Yea that’s my real wallet on Bittrex. Feel free to send any BTC ^^

Continue Reading Here: Guide to Buying NEO (Antshares) on Bittrex Exchange

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